HSBC Investment Divisions Settle With B.C. Securities Commission On Over-Charging

Darpan News Desk The Canadian Press, 13 Jun, 2016 01:12 PM

VANCOUVER — The B.C. Securities Commission says two divisions of the HSBC Bank Canada have settled with the regulator after over-charging investment clients.

The securities commission said HSBC Investment Fund Inc. repaid 4,651 clients a total of $7.1 million while HSBC Private Wealth Services Inc. repaid 10 clients about $10,000 after inconsistently applying discounts.

The commission said the two HSBC divisions co-operated fully with the review and agreed to pay the regulator $320,000 in the settlement.

Prev Next

MORE National ARTICLES

Drug Haze Gone, Garbage Remains, But Vancouver's 4-20 Pot Event Trouble-Free

A crowd estimated by police at about 20,000 crammed onto the beach Wednesday.

Drug Haze Gone, Garbage Remains, But Vancouver's 4-20 Pot Event Trouble-Free

Residents Near B.C. Wildfires Allowed To Return Home

Evacuation orders were lifted in three communities near Fort St. John, though residents in those areas and two others were warned that they should be ready to leave again at a moment's notice.

Residents Near B.C. Wildfires Allowed To Return Home

Judge Reserves Decision On Whether Accused Winnipeg Mail Bomber Should Get Bail

WINNIPEG — A judge has reserved decision on whether a Winnipeg man accused of sending letter bombs to his former wife and two lawyers should be granted bail.

Judge Reserves Decision On Whether Accused Winnipeg Mail Bomber Should Get Bail

Rachel Notley Bullish On NDP's Future Despite Party's Loss In Manitoba

"I like to see myself as not the last one standing but in fact the first in a new wave of NDP governments," said Notley in an interview Wednesday.

Rachel Notley Bullish On NDP's Future Despite Party's Loss In Manitoba

Accused In Bosma's Death 'Really Happy' After Hamilton Man Vanished: Trial Hears

Marlena Meneses says her boyfriend, Mark Smich, had told her he was planning to steal a truck in the days leading up to May 6, 2013, when Bosma disappeared after taking two strangers for a test drive in his truck.

Accused In Bosma's Death 'Really Happy' After Hamilton Man Vanished: Trial Hears

Transportation Safety Board To Look Into Crash-landing Of Plane In Newfoundland

A spokesman with the Transportation Safety Board said three investigators were en route to the small town to begin examining the Beechcraft 1900 that had 14 passengers and two crew members on board.